Zacks: Analysts Anticipate Multi-Color Corporation (LABL) to Post $1.09 EPS
Brokerages expect Multi-Color Corporation (NASDAQ:LABL) to announce earnings per share of $1.09 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Multi-Color Corporation’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.08. Multi-Color Corporation reported earnings of $0.99 per share in the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The company is scheduled to issue its next earnings report on Wednesday, November 8th.
On average, analysts expect that Multi-Color Corporation will report full-year earnings of $3.91 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $4.25 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Multi-Color Corporation.
Multi-Color Corporation (NASDAQ:LABL) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. Multi-Color Corporation had a net margin of 6.38% and a return on equity of 15.85%. The firm had revenue of $242.40 million for the quarter, compared to analyst estimates of $242.47 million. During the same period in the previous year, the business earned $0.95 EPS. The company’s revenue was up 2.5% compared to the same quarter last year.
A number of research analysts have weighed in on LABL shares. BidaskClub lowered shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Friday, June 2nd. KeyCorp reaffirmed a “sell” rating and issued a $67.00 price objective on shares of Multi-Color Corporation in a research note on Friday, August 25th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Multi-Color Corporation in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Multi-Color Corporation presently has an average rating of “Hold” and a consensus price target of $79.00.
In other Multi-Color Corporation news, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $80.23, for a total value of $2,005,750.00. Following the transaction, the insider now directly owns 54,309 shares of the company’s stock, valued at $4,357,211.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LABL. State of Alaska Department of Revenue lifted its position in shares of Multi-Color Corporation by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 1,460 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 40 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Multi-Color Corporation during the second quarter valued at about $105,000. US Bancorp DE lifted its position in shares of Multi-Color Corporation by 88.7% during the first quarter. US Bancorp DE now owns 1,838 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 864 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Multi-Color Corporation by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 18 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Multi-Color Corporation by 100.6% during the first quarter. Victory Capital Management Inc. now owns 2,293 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 1,150 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors.
Shares of Multi-Color Corporation (NASDAQ LABL) traded down 2.49% during midday trading on Thursday, reaching $80.20. 43,943 shares of the company’s stock traded hands. The firm has a market cap of $1.37 billion, a PE ratio of 23.11 and a beta of 0.83. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25. The company has a 50 day moving average of $79.19 and a 200 day moving average of $77.83.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, August 11th. Multi-Color Corporation’s dividend payout ratio (DPR) is 5.76%.
About Multi-Color Corporation
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Multi-Color Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color Corporation and related companies with MarketBeat.com's FREE daily email newsletter.